A report in The Washington Post said two firms - Children#39;s Investment Fund Foundation, a charity of the British billionaire Christopher Hohn and Axon Partners, an equity firm run by former Goldman Sachs executive Dinakar Singh - invested nearly USD 300 million in the Indian real estate development company IREO.

Sinha made these remarks at the launch of a book, Demonetization and the Black Economy, by economist Arun Kumar, who has been critical of the exercise. Suspended BJD MP Baijayant #39;Jay#39; Panda and Congress leader Prithiviraj Chavan were also participating in the panel discussion.

Debroy further highlighted that India is facing a dilemma from the point of view of pushing exports, as exporters would like exchange rate to depreciate, however exchange rate might not depreciate as much as exporters want because of capital inflows.